Drug Price Trends for FT IBUPROFEN IB

Average Pharmacy Cost for FT IBUPROFEN IB

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
FT IBUPROFEN IB 100 MG CHEW TB	70677-1145-01	0.13972	EACH	2025-02-19
FT IBUPROFEN IB 100 MG CHEW TB	70677-1145-01	0.13850	EACH	2025-01-22
FT IBUPROFEN IB 100 MG CHEW TB	70677-1145-01	0.13978	EACH	2024-12-18

Market Analysis and Price Projections for Ibuprofen

Introduction to Ibuprofen

Ibuprofen, a non-steroidal anti-inflammatory drug (NSAID), is widely used for its analgesic, antipyretic, and anti-inflammatory properties. It is a staple in the treatment of various chronic and acute conditions, including rheumatoid arthritis, osteoarthritis, headaches, and menstrual discomfort.

Global Ibuprofen Market Overview

The global ibuprofen market is experiencing significant growth driven by several key factors.

Market Size and Growth

• The global ibuprofen market was valued at USD 1.43 billion in 2023 and is projected to reach USD 1.76 billion by 2032, growing at a CAGR of 2.44% during the forecast period (2024-2032)[1].

Regional Market Dynamics

• The Asia-Pacific region is the largest shareholder in the global ibuprofen market, driven by cost-efficient manufacturing in countries like China and India. This region is expected to expand substantially due to rising healthcare expenditures and an aging population[1].

Market Segmentation

By Application

• The global ibuprofen market is segmented into various applications, with rheumatoid arthritis and osteoarthritis dominating the revenue share. Ibuprofen's effectiveness in managing pain and inflammation associated with these conditions makes it a preferred therapeutic option[1].

By End-Users

• The market is also segmented by end-users, with pharmaceutical and biopharmaceutical companies holding the highest market share. The growth in these industries, supported by government investments, drives the demand for ibuprofen API development[1].

Ibuprofen API Market

Market Size and Growth

• The global ibuprofen API market was valued at USD 700.8 million in 2023 and is expected to grow at a CAGR of 1.17% from 2024 to 2030[3].

Driving Factors

• The evolving API scenario in emerging economies, the increase in pharmaceutical and biopharmaceutical production, and the growing geriatric population are key drivers of the ibuprofen API market. Rising incidence of chronic diseases such as rheumatoid arthritis and migraine also contribute to market growth[3].

Price Trends and Projections

Current Prices

• As of recent reports, the quarter-end price for ibuprofen (USP, FDA) reached USD 22,350 per metric ton FOB Shanghai, reflecting a bullish sentiment among suppliers[2].

Future Projections

• The global demand for ibuprofen APIs is projected to register a CAGR of 2.5% and reach USD 851 million by 2034. This growth is influenced by the evolving scenario in emerging economies, increased pharmaceutical production, and a growing senior population[5].

Regional Growth Projections

Asia-Pacific

• The Asia-Pacific region, particularly countries like India, is expected to see significant growth due to low production costs and a surge in healthcare expenditures. India's aging population, with approximately 137.9 million Indians aged over 60 in 2021, is expected to escalate to 193.8 million by 2031, further fueling the demand for ibuprofen[1].

Europe and North America

• Markets in Europe and North America are also expected to grow, with countries like Germany, Italy, Spain, and France showing CAGRs ranging from 2.0% to 3.7% from 2024 to 2034[5].

Challenges and Opportunities

Environmental and Regulatory Challenges

• The synthesis of ibuprofen API faces environmental challenges due to revised production guidelines, impacting manufacturers' costs and raw material sourcing. However, this has also led to research into environmentally friendly synthetic routes, presenting opportunities for growth through bioinformatics, high-throughput methods, and combinatorial chemistry[5].

Strategic Initiatives

• Key industry players are engaging in strategic initiatives such as partnerships, product launches, and acquisitions to drive market growth. For example, IOL Chemicals & Pharmaceuticals invested INR 300 crore to establish a new plant in western India, which is expected to bolster the country's market share[1].

Key Takeaways

• Market Growth: The global ibuprofen market is expected to grow at a CAGR of 2.44% from 2024 to 2032.
• API Market: The ibuprofen API market is projected to grow at a CAGR of 1.17% from 2024 to 2030.
• Regional Dynamics: Asia-Pacific, particularly India and China, will drive significant market growth.
• Price Trends: Current prices are around USD 22,350 per metric ton, with future demand projected to reach USD 851 million by 2034.
• Challenges and Opportunities: Environmental and regulatory challenges are balanced by opportunities in innovative synthetic routes and strategic industry initiatives.

FAQs

Q: What is the current size of the global ibuprofen market?

• The global ibuprofen market was valued at USD 1.43 billion in 2023[1].

Q: What is the projected CAGR for the global ibuprofen market from 2024 to 2032?

• The global ibuprofen market is expected to grow at a CAGR of 2.44% from 2024 to 2032[1].

Q: Which region dominates the global ibuprofen market?

• The Asia-Pacific region is the largest shareholder in the global ibuprofen market[1].

Q: What are the primary applications of ibuprofen?

• Ibuprofen is primarily used for treating rheumatoid arthritis, osteoarthritis, pain/fever/dysmenorrhea, inflammatory diseases, and headaches[1].

Q: How is the ibuprofen API market expected to grow?

• The ibuprofen API market is projected to grow at a CAGR of 1.17% from 2024 to 2030 and reach USD 851 million by 2034[3][5].

Sources

1. Straits Research: Global Ibuprofen Market Size, Top Share, CAGR of 2.44%, Report ...
2. ChemAnalyst: Ibuprofen Prices, News, Monitor, Market Analysis & Demand
3. Grand View Research: Ibuprofen API Market Size, Share & Growth Report, 2030
4. PR Newswire: Ibuprofen Market to Reach $213.6 Million, Globally, by 2033 at 7.9 ...
5. GlobeNewswire: Ibuprofen API Market Evolution Mapping Growth Trajectory to US$ 851 Million by 2034